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Insider Selling: Meta Platforms Inc. (NASDAQ:FB) Insider Sells 1,120 Shares of Stock

Meta Platforms Inc. (NASDAQ:FB) insider Jennifer Newstead sold 1,120 shares of the business's stock in a transaction on Tuesday, December 28th. The shares were sold at an average price of $351.03, for a total transaction of $393,153.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jennifer Newstead also recently made the following trade(s):

  • On Tuesday, December 21st, Jennifer Newstead sold 250 shares of Meta Platforms stock. The shares were sold at an average price of $328.54, for a total transaction of $82,135.00.
  • On Tuesday, December 14th, Jennifer Newstead sold 250 shares of Meta Platforms stock. The shares were sold at an average price of $329.45, for a total transaction of $82,362.50.
  • On Tuesday, December 7th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The shares were sold at an average price of $321.62, for a total transaction of $40,202.50.
  • On Tuesday, November 30th, Jennifer Newstead sold 250 shares of Meta Platforms stock. The shares were sold at an average price of $335.00, for a total transaction of $83,750.00.
  • On Tuesday, November 23rd, Jennifer Newstead sold 250 shares of Meta Platforms stock. The shares were sold at an average price of $338.82, for a total transaction of $84,705.00.
  • On Tuesday, November 9th, Jennifer Newstead sold 121 shares of Meta Platforms stock. The shares were sold at an average price of $339.87, for a total transaction of $41,124.27.
  • On Tuesday, November 2nd, Jennifer Newstead sold 125 shares of Meta Platforms stock. The shares were sold at an average price of $331.44, for a total transaction of $41,430.00.
  • On Tuesday, October 26th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The shares were sold at an average price of $328.69, for a total transaction of $41,086.25.
  • On Tuesday, October 19th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The stock was sold at an average price of $339.90, for a total transaction of $42,487.50.
  • On Tuesday, October 12th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The stock was sold at an average price of $322.84, for a total transaction of $40,355.00.

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FB traded up $1.42 during trading on Thursday, reaching $344.36. The company had a trading volume of 10,575,116 shares, compared to its average volume of 18,892,627. The stock has a market cap of $957.93 billion, a P/E ratio of 24.58, a PEG ratio of 1.19 and a beta of 1.29. The business has a 50 day simple moving average of $332.15 and a 200-day simple moving average of $345.78. Meta Platforms Inc. has a 52 week low of $244.61 and a 52 week high of $384.33.

Meta Platforms (NASDAQ:FB) last released its earnings results on Sunday, October 24th. The social networking company reported $3.22 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.03. Meta Platforms had a return on equity of 30.22% and a net margin of 35.88%. The business had revenue of $29.01 billion for the quarter, compared to analyst estimates of $29.52 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The business's revenue was up 35.1% compared to the same quarter last year. On average, equities research analysts expect that Meta Platforms Inc. will post 13.91 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Directions Investment Advisors LLC purchased a new position in shares of Meta Platforms during the second quarter valued at $31,000. Carderock Capital Management Inc. purchased a new position in shares of Meta Platforms during the third quarter valued at $31,000. Benjamin Edwards Inc. purchased a new position in shares of Meta Platforms during the third quarter valued at $33,000. Lion Street Advisors LLC purchased a new position in shares of Meta Platforms during the second quarter valued at $43,000. Finally, Filbrandt Wealth Management LLC purchased a new position in Meta Platforms in the third quarter valued at about $43,000. Institutional investors and hedge funds own 65.74% of the company's stock.

A number of analysts have issued reports on FB shares. Evercore ISI reissued a "buy" rating and issued a $430.00 price objective on shares of Meta Platforms in a report on Sunday, October 31st. Jefferies Financial Group set a $420.00 price objective on shares of Meta Platforms in a research report on Wednesday. UBS Group assumed coverage on shares of Meta Platforms in a research report on Thursday, December 2nd. They set a "buy" rating and a $425.00 price objective for the company. Tigress Financial upped their price target on shares of Meta Platforms from $430.00 to $466.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 13th. Finally, Wells Fargo & Company decreased their price target on shares of Meta Platforms from $450.00 to $425.00 and set an "overweight" rating for the company in a research report on Tuesday, October 26th. Eight analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Buy" and a consensus target price of $398.21.

About Meta Platforms

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

Read More: What is Cost Basis

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:FB)

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